The Boca Buzz Blog: News Flash! ~ January 30, 2013

News Flash! ~ January 30, 2013

The Tublitz

The Housing Market

Is Heating Up!

Merrill Lynch has again reinforced what we're hearing on the street.  They expect good news for the housing market and are revising up their forecast for home prices over the next three years.  Upward revisions to the 2012, housing forecast reflects the following factors: greater momentum, continued drop in inventory and most importantly, greater credit availability.  The recovery in the housing market will not be without bumps - Merrill Lynch's predictive model calls for price appreciation to slow in 2016, and be little changed in 2018-2019.  The model assumes that once prices return to fair valuation, the biggest driver will be affordability, which is based upon income and mortgage rates.  Read More.

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Comment balloon 0 commentsDan & Linda Tublitz • January 30 2013 07:38AM